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Executive Summary

1Q 2025 ERCOT Report

Will strong deal momentum continue past Q1?

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Q1 2025 - ERCOT

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We help you find and evaluate hedges, so you can focus on what matters most – closing deals and driving renewable energy transformation.

As the long-term value of electricity increased while project costs stayed mostly flat, Q1 2025 saw an uptick in PPA and BESS Toll deal volume.

Toward the end of the quarter, however, industry headwinds began to take their toll.

This report breaks down the highs and lows of the last quarter and sets the stage for those to come.

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